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CRI Group 3PRMTM<\/sup> monitoring includes:<\/p>\r\n\r\n\t- Supplier & vendor information management<\/li>\r\n\t
- Corporate & social responsibility compliance<\/li>\r\n\t
- Supplier Risk Management<\/li>\r\n\t
- IT vendor risk<\/li>\r\n\t
- Performance measurement<\/li>\r\n\t
- Contract risk management<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/section>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n
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WHAT ARE THE KEY FEATURES OF 3PRM\u2122?<\/span><\/span><\/i><\/i><\/span><\/h3>\r\n\r\n
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Our 3PRMTM<\/sup> suite of services can help you transform, implement & manage third-party risk management efforts. The key features of 3PRMTM<\/sup> includes<\/p>\r\nDiagnose, develop & enhance your program or function around:<\/strong><\/p>\r\n\r\n\t- Governance & oversight<\/li>\r\n\t
- Policies & standards<\/li>\r\n\t
- Third-party inventory<\/li>\r\n\t
- Risk approach & models<\/li>\r\n\t
- TPRM processes & assessment frameworks<\/li>\r\n<\/ul>\r\n
Pro\ufb01le third parties and assess their risk and controls leveraging your framework or ours, covering:<\/strong><\/p>\r\n\r\n\t- Risk pro\ufb01ling<\/li>\r\n\t
- Global onsite and remote-control assessment execution across all risk domains (e.g., cyber, resiliency, \ufb01nancial health and regulatory compliance)<\/li>\r\n\t
- Analytics and reporting<\/li>\r\n<\/ul>\r\n
Manage third-party risk processes across the relationship life cycle to provide:<\/strong><\/p>\r\n\r\n\t- Pre-developed risk models, review criteria and reporting<\/li>\r\n\t
- Risk pro\ufb01ling\/third-party inventory<\/li>\r\n\t
- End-to-end third-party oversight and governance<\/li>\r\n\t
- Global onsite and remote-control assessment execution across all risk domains (e. g., cyber, resiliency, \ufb01nancial health and regulatory compliance)<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/section>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n
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SPECIFIC AREA ADDRESSED IN 3PRM\u2122 ASSESSMENT<\/span><\/i><\/i><\/span><\/h3>\r\n\r\n
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CRI Group\u2122’s Third Party Risk Assessments are front-line tools used to ascertain whether an organisation has the proper policies and procedures in place to address all potential risks at the management, operations and financial levels, and simulates the likelihood of those risks occurring.\u00a0<\/p>\r\n
A 3PRM\u2122 assessment includes a review of internal auditing procedures, compliance guidelines, performance criteria, internal controls, reporting processes and contractual requirements that are vital to foster a long-term positive outcome with the third-party provider when looking at the relationship from a cost-benefit standpoint.<\/p>\r\n
Specific areas addressed in our 3PRM\u2122 assessment include:<\/strong><\/p>\r\n\r\n\t- Audit and supervision functions<\/strong> that assign clearly defined responsibilities within the organisation<\/li>\r\n\t
- Business continuity plans<\/strong> that take into account natural disasters and third-party business closures<\/li>\r\n\t
- Supply-chain alternatives<\/strong> that react and respond to every possible scenario, from regional events to currency fluctuations<\/li>\r\n\t
- Jurisdictional considerations and affiliations<\/strong> with potential partners located in regions that may be prohibited by law<\/li>\r\n\t
- Data and intellectual property protection<\/strong>, which includes customer privacy and information security considerations<\/li>\r\n\t
- Anti-corruption and whistle-blower policies<\/strong> begin with staff education and extend to safe internal and external reporting mechanisms which are easily accessible to management and staff.<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/section>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n
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OUR RESOURCES FOR 3PRM\u2122 SOLUTION<\/span><\/span><\/i><\/i><\/span><\/h3>\r\n\r\n
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Our 3PRM\u2122 resources include:<\/p>\r\n
\r\n\t- International business verification<\/li>\r\n\t
- Individual business interest search<\/li>\r\n\t
- Personal profile on individual subjects<\/li>\r\n\t
- Company profile on corporate entities<\/li>\r\n\t
- Historical ownership analysis<\/li>\r\n\t
- Identification of subsidiaries & connected parties<\/li>\r\n\t
- Global & national criminality & regulatory records check<\/li>\r\n\t
- World-check politically exposed person database<\/li>\r\n\t
- International media research<\/li>\r\n\t
- Country-specific databases that include litigation checks, law enforcement agencies & capital market, regulators<\/li>\r\n\t
- Company background analysis<\/li>\r\n\t
- Industry reputational assessment<\/li>\r\n\t
- FCPA, UK Anti-Bribery & corruption risks databases<\/li>\r\n\t
- Global terrorism check<\/li>\r\n\t
- Global Financial authorities check<\/li>\r\n\t
- Money laundering risk databases<\/li>\r\n\t
- Financial reports<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/section>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n
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WHO NEED A 3PRM\u2122 SOLUTION?<\/span><\/span><\/i><\/i><\/span><\/h3>\r\n\r\n
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If your organisation requires any of the following within your compliance checklist, then you must consider a third-party risk management solution:<\/p>\r\n
\r\n\t- Have a lack of visibility or understanding danger of the risks posed by your relationships with many types of third parties?<\/li>\r\n\t
- Want greater visibility into third-party performance and risks?<\/li>\r\n\t
- Need to improve operational costs, process, efficiencies, and organisational agility associated with your third-party relationships?<\/li>\r\n\t
- Need to gain greater control over the related risks?<\/li>\r\n\t
- Want to be confident that third parties are compliant with your business\u2019 policies, as well as their own\u2014based on government regulations and industry requirements?<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/section>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n
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WHY IS THIRD PARTY RISK MANAGEMENT A CRITICAL STEP FOR YOUR BUSINESS?<\/span><\/span><\/i><\/i><\/span><\/h3>\r\n\r\n
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TPRM is especially critical when your business:<\/p>\r\n